This partnership allows end-customers to convert Sterling (GPB) to more than 30 currencies and send funds to over 50 countries across 5 continents. It removes a pain-point for fintech clients with an international customer base, companies looking at overseas expansion, and any account holders needing to send money abroad.
Contis is a Principal member of Visa, providing B2B issuing and processing through its wholly owned, cloud-based technology. By plugging-in Currencycloud’s multi-currency account infrastructure, it can now provide foreign exchange and international money transfer to all clients and account holders.
Using their app, customers can request a real-time quote – including the exchange rate on offer and transaction fee – before deciding to make a payment. Currencycloud integration provides a simple and cost-effective way to send money abroad with market leading exchange rates and low transaction costs.
Jason Ollivier, Chief Disruption Officer at Contis, said: “The global pandemic has driven an explosion in digital payments and demand for new features. Now more than ever, businesses need to invest in R&D and deliver new solutions for the changing landscape. We’ve increased investment in our core platform and bolted on functionality to our API based platform to meet client needs.
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Check out our most recent article “Exploring Disparities Across the International Payments Landscape” that reveals insights from TSG’s ongoing Country Series, a growing collection of eReports that analyze the payments landscape of various countries across the globe.